Kaitlyn Snyder Author Archives

QAP Colorado

Colorado Updates Utility Allowance Policy

The Colorado Housing and Finance Authority (CHFA) updated its utility allowance policy for LIHTC and CHFA multifamily loan developments. Specific changes include the following. The Colorado Department of Local Affairs-Division of Housing (DOLA) schedule is now considered an applicable PHA schedule for all counties in Colorado (see Option One: Public Housing Authority Schedule on page […]

QAP Florida

Florida Offers Construction Housing Inflation Response Program

Florida Housing issued Invitation to Participate (ITP) Construction Housing Inflation Response Program (CHIRP), which provides funding to assist competitive projects in the development pipeline experiencing cost increases related to market inflation. CHIRP funding is intended to fill the funding gap experienced due to increased construction costs. CHIRP funding is not intended to support operating expenses […]

QAP New Jersey

New Jersey Extends Ten Percent Test for Carryover Allocations

The New Jersey Housing and Mortgage Finance Agency is extending the ten percent test for carryover allocations. If the original deadline for an owner of a building with a carryover allocation to meet the ten-percent test is on or after April 1, 2020, and on or before Dec. 31, 2020, the deadline is extended to […]

QAP Ohio

Ohio Accepts Year-Round Applications for Four Percent LIHTC without Gap Financing

Effective May 6, Ohio’s 2022 Program Calendar for four percent LIHTC applications that are not seeking gap financing will fully transition from quarterly submissions to an open submission window. This open submission window only applies to four percent LIHTC applications that are not seeking gap financing. Applicants still must contact OHFA at least 45 days […]

QAP Texas

Texas Board Meeting – May 12

The Governing Board of the Texas Department of Housing and Community Affairs (TDHCA) will meet at 10 a.m. CT May 12. The meeting will be held in Room JHR 140 of the John H. Reagan Building, 1400 North Congress Avenue, Austin, TX. There will not be a remote online or telephone option for public participation. […]

QAP Texas

Texas Posts Updated Nine Percent Application Log

As part of the 2022 Competitive nine percent LIHTC Allocation process, the Texas Department of Housing and Community Affairs’ (TDHCA’s) Multifamily Finance Division posted an updated 2022 nine percent LIHTC Full Application Submission Log. The log is organized by region and subregion, except for the At-Risk and USDA Set-Asides. Applicants selecting the At-Risk/USDA Set-Asides are […]

QAP Texas

Texas Posts Compliance FAQs

The Texas Department of Housing and Community Affairs’ Compliance Division posted Frequently Asked Questions pertaining to the LIHTC and Multifamily Programs that Compliance staff monitor. If you have any questions, please contact TDHCA Director of Multifamily Compliance, Wendy Quackenbush at 512-305-8860 or at wendy.quackenbush@tdhca.state.tx.us.

QAP Texas

Texas Hosts Direct Loan Training – June 8

The Texas Department of Housing and Community Affairs (TDHCA) and the Texas Apartment Association (TAA) are hosting an online Multifamily Direct Loan (MFDL) Training on June 8. This training will be led by TDHCA compliance staff, and offers everything you need to know about the HOME, National Housing Trust Fund (NHTF), Tax Credit Assistance Program […]

QAP Virginia

Virginia Releases 2022 LIHTC Preliminary Rankings

Virginia Housing posted the Preliminary Rankings for the 2022 LIHTC Reservation applications received on March 10. This layout includes a “Preliminary Status” category in the last column designed to explain what is taking place with each development within the given pool.  There will be a general comment period from May 5 to 12 for comments […]

Member News

Hunt Capital Partners Facilitates $3.6 Million LIHTC Investment to Finance Rehabilitation of Arizona Affordable Housing Development

Hunt Capital Partners announced the closing of $3.6 million in federal low-income housing tax credit equity financing for the acquisition and rehabilitation of Sagebrush Place II, formerly known as Centennial Park. Located on a 2.2-acre site in the heart of Reno, Nev., Sagebrush Place II was originally constructed in 1970, renovated in 2007 with LIHTC […]

Member News

Dominium Expands its Tennessee Portfolio Adding Ninth Development

Dominium announced that it has acquired Willow Creek Apartments in Mount Juliet, TN, a 144-unit affordable housing development built in 1997. Dominium is committed to keeping Willow Creek Apartments an affordable housing development and is planning a $1.8 million renovation of the property. Willow Creek is Dominium’s ninth development in Tennessee and expands the company’s […]

Member News

Mary Grace Folwell Rejoins Ballard Spahr

Mary Grace Folwell—an affordable housing lawyer who has worked in private practice, as well as counsel for a housing authority and general counsel for a national property management company—has rejoined Ballard Spahr’s Real Estate Department in the firm’s Washington, D.C. office. Folwell was a lawyer at Ballard Spahr for ten years and has served as […]

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